A government fulfills a protective function when it (a) gives cash payments to the poor. (b) provides funds for flood control projects and builds highways. (c) prevents illegal seizure of private property. (d) redistributes income. ANSWER (c)
Date: September 10th, 2020
In which case did the U.S. Supreme Court’s review powers extend to actions by the other two branches of the federal government and not merely to the laws of the states? (a) Marbury v. Madison (1803) (b) McCulloch v. Maryland (1819) (c) Gibbons v. Ogden (1824) (d) Dartmouth College v. Woodward (1819) ANSWER (a)
Date: September 10th, 2020
What do diseconomies of cities include? (a) Pollution (b) Crime (c) Congestion (d) All of the above ANSWER (d)
Date: September 10th, 2020
Wal-mart (a) is the railroad of the late nineteenth century. (b) provides an example of how one large business enterprise still can seize market power to restrict entry and exit. (c) holds monopoly power in retail. (d) exists at the expense of consumers. ANSWER (a)
Date: September 10th, 2020
The Federal Open Market Committee is responsible for directing a. issuing government securities. b. setting monetary policy. c. setting reserve requirements. d. printing money. e. All of the above ANSWER B
Date: September 10th, 2020
Which of the following was illustrated by the majority voting decisions witnessed during the Great Depression? (a) If the U.S. wants to get the most from its resources, the pricing of goods and allocation of investment should be decided by majority voting. (b) In a representative democracy, majority voting will assure that approved projects are […]
Date: September 10th, 2020
The nature of employer liability changed in the 19th century through judicial instrumentalism and had what effect? (a) Reducing the risks and the costs of business, making business enterprise more daring and profitable than it would have been otherwise. (b) Increasing the risks and the costs of business, making business enterprise more daring and profitable […]
Date: September 10th, 2020
A review of U.S. history provides evidence that (a) class mobility is restricted. (b) race and gender barriers simply cannot be dismantled. (c) the wealthy and idle rich class has deep and permanent roots in the U.S. (d) there are no social barriers that cannot be overcome in the U.S. ANSWER (d)
Date: September 10th, 2020
The exploitation of what resource supplied more than half of the increase in mechanical energy in 1860–1910? (a) Petroleum (b) Water power (c) Anthracite coal (d) Bituminous coal ANSWER (d)
Date: September 10th, 2020
Cities included all of the following economies of scale except (a) Transportation (b) Sanitation (c) Crime (d) Education ANSWER (c)
Date: September 10th, 2020
